Answer:
$600,000
Explanation:
Patent is an intangible non current asset that may be amortized over the estimated useful life.
Given that Alatorre purchased a patent from Vania Co. for $1,000,000 on January 1, 2018 and the patent had a remaining legal life of 10 years, expiring on January 1, 2028
Annual amortization expense = $1,000,000/10 = $100,000
During 2020 ( the patent would have been amortized for 2 years), the accumulated amortization
= 2 × $100,000
= $200,000
The net book value then
= $1,000,000 - $200,000
= $800,000
If the economic benefits of the patent would not last longer than 6 years from the date of acquisition, it means it has a remaining useful life of 4 year from 2020.
Amortization for 2020 = $800,000/4 = $200,000
The amount of the patent net of net of accumulated amortization, at December 31, 2020
= $800,000 - $200,000
= $600,000
Answer:
B.Variety-Seeking
Explanation: Consumers engage in variety-seeking buying behavior for products that have low involvement and significant brand differences. For Example, soft drinks are low-involvement products that have DIFFERENCES in taste among brands. A consumer buying one type of cola might decide to <u>buy another brand of cola the next time to experience a variety in taste.
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Answer: The department of Agriculture
Explanation:
Answer:
net income is 2.7 million
Explanation:
given data
beginning of year decrease = $1.5 million
dividend = $4.2 million
to find out
net income
solution
we know that here relation that is
net income + Beginning retained earning - dividend = Ending retained earning
so here Beginning retained earning - Ending retained earning = $1.5 million
so
Beginning retained earning - Ending retained earning = dividend - net income
put here value so net income will be
1.5 = 4.2 - net income
net income = 4.2 - 1.5 = 2.7
net income is 2.7 million
Answer:
10.64%
Explanation:
For computing the realized yield, we applied the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $980
Future value or Face value = $1,054.36
PMT = 1,000 × 10% ÷ 2 = $50
NPER = 10 years × 2 = 20 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
After applying the formula, the realized yield is
= 5.32% × 2
= 10.64%